Connecticut GMAC/DITECH Short Sale Approved in 3 weeks!
Posted by Minna Reid on Monday, November 28th, 2011 at 10:11am.Connecticut GMAC/DITECH Short Sale Approved in 3 weeks!
OWED:
GMAC Serviced Freddie Mac 1st Mortgage: $150,000
GMAC Serviced Ditech 2nd Mortgage: $30,000
SOLD:
$132,000: Both approvals - FULL DEBT SATISFACTION.
This Cromwell, CT short sale was a breeze. Finding a buyer took slightly longer than expected as the market was falling a little faster than anticipated, however 8 weeks after listing we secured a strong buyer. As with most sales as of late, closing by 6/30 to get the buyer first time homebuyer credit put additional pressure to get it done FAST.
A package went to GMAC and Ditech immediately...and with constant pressure on the lenders to get it done, GMAC ordered their appraisal right away...the negotiator was on the ball, and just 2.5 weeks later, we received our short sale approval. The second approved 2 days later, bringing total approval time to just 3 weeks!
Once again GMAC proves a delight to work with!
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